Charles Schwab To Launch Spot Bitcoin Trading For Retail Clients
Authored by Micah Zimmerman via Bitcoin Magazine, Charles Schwab announced further details and plans in their attempt to launch direct spot bitcoin trading through its new platform, Schwab Crypto™, signaling a major step by one of the country’s largest brokerage firms into the digital asset market. The feature will roll out in phases over the coming weeks and will allow retail clients to buy and sell bitcoin and ethereum through existing Schwab platforms, the bank said. The move gives millions of Schwab clients the ability to trade bitcoin alongside traditional holdings such as stocks, ETFs, and mutual funds. Clients will access Schwab Crypto through Charles Schwab Premier Bank, SSB, which will act as custodian for the digital assets. Blockchain infrastructure provider Paxos will handle sub-custody and trade execution under a federally regulated trust structure. “Clients want to conduct more of their financial lives at Schwab,” said Jonathan Craig, Head of Retail Investing. “With Schwab Crypto, they can trade digital assets within their existing accounts while drawing on the service, research, and tools they rely on.” At launch, Schwab Crypto will …








